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Bassline Episode 20

Podcast

In this episode of Bassline, David Wallace speaks with Lance Peltz about the global economic landscape, focusing on recent developments in the United States and their wider impacts. They examine President Trump’s economic policies, particularly the uncertainties created by tariffs and their effects on markets, businesses, and global trade. The conversation explores how this uncertainty shapes investment strategies, highlighting the importance of disciplined, long-term decision-making despite short-term volatility.

David and Lance also discuss significant macroeconomic shifts, including globalisation’s retreat into regional trade blocs, evolving relationships between the US, China, and Europe, and their implications for financial stability and investment planning. Additionally, they touch on the UK’s economic position amidst global tensions, exploring Brexit’s long-term effects and the economic strategies emerging under Keir Starmer’s leadership.

Join them for an insightful conversation offering valuable perspectives for investors, market observers, and anyone looking to understand today’s rapidly changing economic environment.

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Market Commentary Q2 2026

Two themes continue to dominate: Geopolitics and Technology. The US - Iran war has reached an uneasy and uncertain ceasefire as neither side seems keen on continuing major hostilities. Despite some occasional exchanges of missiles, the oil price has declined from a peak of US$120 per barrel in May to US$74 at the quarter-end, effectively the same price as just before the outbreak of hostilities. This is despite the fact that supplies from the Gulf will remain materially below pre war volumes for sometime.
Podcast

Bassline Episode 26

Pensions have long been seen as one of the most tax-efficient ways to pass wealth to the next generation. But from April 2027, that could change dramatically. In this episode, Dave sits down with financial planners Mat Bonney and Adrian to unpack one of the biggest proposed shifts to UK inheritance planning in years: the move to bring pension pots into inheritance tax calculations.
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Taking on the Welsh 3000s

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Investment updates

Market Commentary Q1 2026

The year started on a positive note with investors expecting both strong earnings growth in most sectors and regions, and further, modest interest rate cuts despite sticky inflation. The rotation out of the US equities and into other regions, notably Asia and Emerging markets which offered better valuation characteristics continued.
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